EUR/USD (a 4-hour chart)
The euro strengthened amid the interest in the safe assets buying. The euro ignored the IFO release and continued slowly growing. In the Bonds Market, the 10-year German government bonds yield rose which increased the attractiveness of the European assets.
The first support lies at 1.1260 and then at 1.1150. The first resistance stands at 1.1350, the next one is at 1.1450.
There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement forming a “Dead Cross”. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is decreasing.
After the support level of 1.1260 breakthrough down the way to the support 1.1150 will be opened.